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Image for representation purpose only. | Photo Credit: V. Sudershan Rupee depreciated 8 paise to 83.95 against the US dollar in morning trade on Tuesday (August 27, 2024), weighed down by elevated crude oil prices and a muted trend in domestic equities. Forex traders said Brent Crude, the international benchmark, was trading above the USD…
Read More “Rupee falls 8 paise to 83.95 against U.S. dollar in early trade” »
A view of the BSE building in Mumbai. | Photo Credit: The Hindu Stock market benchmark indices began the trade on a positive note on Tuesday (August 27, 2024) but failed to carry forward the winning momentum due to the emergence of profit-taking amid weak trends in global equities in view of rising geopolitical tensions…
Read More “Markets give up early gains amid weak global trends” »
Undermining confidence: New Zealand’s agriculture-driven industry prides itself on high-quality dairy exports. | Photo Credit: Company Website A Kiwi dairy company has been busted for falsely claiming its products were “100% pure New Zealand”, despite using butter imported from India. Dairy firm Milkio Foods Limited was fined US$261,452 on Monday (August 26, 2024) after New…
Read More “‘100% pure New Zealand’ dairy firm busted for using Indian butter” »
Apple named insider Kevan Parekh as its chief financial officer, replacing Luca Maestri who will transition from the role on Jan. 1, 2025. | Photo Credit: Reuters Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing Luca Maestri who will transition from the role on Jan. 1, 2025. Parekh, who has…
Read More “Apple names insider Kevan Parekh as finance chief in place of Maestri” »
PBC is worried about unwinding of speculative short yuan positions | Photo Credit: REUTERS Having spent all year putting a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the currency from appreciating sharply. The usually restrained yuan has strengthened 1.3%…
Read More “After war with yuan bears, China keen to avert sharp gains” »
Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global policymakers at the U.S. Federal Reserve’s annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as U.S. and European central banks eye cutting interest rates. Even as the focus of U.S. and European central bankers shifts…
Read More “Darkening global outlook, central bank pivots signal more turbulence” »
KL Rahul is likely to be removed as LSG captain© BCCI/Sportzpics Star wicketkeeper batter KL Rahul is set to be retained by Lucknow Super Giants (LSG) for the upcoming Indian Premier League (IPL) season 2025, but not as a captain. IANS understands that the captaincy pressure is the main reason for Rahul stepping…
The warm-up matches for the upcoming ICC T20 World Cup were announced on Tuesday, with India set to play West Indies and South Africa in their preparations for the marquee competition. The warm-up games are scheduled from Saturday, September 28 to Tuesday, October 1 in the United Arab Emirates, as per ICC. All…
Read More “ICC Women’s T20 World Cup 2024 Warm-Up Matches Announced” »
The Pakistan Cricket Board (PCB) chief Mohsin Naqvi refused to mince words when asked about his opinion on the team’s harrowing 10-wicket defeat against Bangladesh in the Rawalpindi Test. It was the first time that Pakistan suffered a defeat at the hands of Bangladesh in the longest format of the game, sending a…
Read More “Pakistan Cricket Board Chief Throws Entire Team Under The Bus After Bangladesh Loss” »
French President Emmanuel Macron said Monday that the arrest in France of the CEO of the popular messaging app Telegram, Pavel Durov, wasn’t a political move but part of an independent investigation. Durov was detained Saturday at Le Bourget airport in a judicial inquiry opened last month involving 12 alleged criminal violations, the Paris prosecutor’s…
Read More “France’s Macron says arrest of Telegram CEO Pavel Durov wasn’t political” »
